UK's Cameron, BOE Governor to Assess Greek Referendum Fallout

TODAY: July 5, 2015 PUB DATE: July 5, 2015

By Jason Douglas LONDON--British Prime Minister David Cameron will chair a meeting Monday with the governor of the Bank of England and other top officials to assess the fallout from the outcome of Greece's referendum, U.K. Treasury chief George Osborne ...

Emerging 'No' Vote in Greece Poses Merkel's Biggest Challenge

TODAY: July 5, 2015 PUB DATE: July 5, 2015

By Bertrand Benoit BERLIN--The verdict of Greek voters on Sunday presents German Chancellor Angela Merkel with her toughest challenge since the eurozone crisis broke out five years ago. How she responds in the coming days won't just determine the fate ...

Europe Should Focus More on Structural Reforms -- Report

TODAY: July 5, 2015 PUB DATE: July 5, 2015

By Emese Bartha Europe should use the current economic situation to carry out reforms, said UBS Chairman Axel Weber in a preview of an interview to be published by Handelsblatt on Monday. Mr. Weber, formerly president of the Bundesbank, recommends ...

European Leaders Look to Chart Path Following Greek Vote

TODAY: July 5, 2015 PUB DATE: July 5, 2015

By Gabriele Steinhauser in Brussels And William Horobin in Paris The architects of Greece's international bailout struggled to respond to what appeared to be a resounding "no" in Sunday's referendum on the austerity measures they had tied to their aid ...

Greek, German Tensions Turn to Open Resentment

TODAY: July 5, 2015 PUB DATE: July 4, 2015

By Matina Stevis and Andrea Thomas At newspaper kiosks in Greece, ahead of Sunday's referendum, some front pages this week showed swastikas and the word "OXI", Greek for "no." On the streets of Athens, a poster showed German Finance Minister ...

Rivals Lurked Behind Aetna's Deal With Humana

TODAY: July 5, 2015 PUB DATE: July 4, 2015

By Dana Mattioli And Liz Hoffman As Aetna Inc. and Humana Inc. sealed their $34.1 billion merger this week, there were a few other elephants in the room. Namely, the three other major health insurers lurking around the deal talks, ...

Greek, German Tensions Turn to Open Resentment

TODAY: July 5, 2015 PUB DATE: July 4, 2015

By Matina Stevis and Andrea Thomas At newspaper kiosks in Greece, ahead of Sunday's referendum, some front pages this week showed swastikas and the word "OXI", Greek for "no." On the streets of Athens, a poster showed German Finance Minister ...

Jobs Market Continues Its Fitful Recovery--2nd Update

TODAY: July 5, 2015 PUB DATE: July 3, 2015

By Eric Morath The U.S. job market sits at a crossroads six years into a fitful economic expansion: Hiring is strong, but weak wage growth has failed to pull millions of would-be workers off the sidelines while prompting others to ...

Aetna Nears Deal to Buy Humana -- 3rd Update

TODAY: July 5, 2015 PUB DATE: July 3, 2015

By Liz Hoffman And Dana Mattioli Aetna Inc. is nearing a deal to buy Humana Inc., according to people familiar with the matter, in a tie-up of health insurers that could be announced this week. The people said a deal ...

Singapore June Nikkei PMI at 51.1; Up From 49.5 in May

TODAY: July 5, 2015 PUB DATE: July 3, 2015

By Gaurav Raghuvanshi SINGAPORE--Business activity in Singapore expanded in June, according to a new survey. The inaugural Singapore Nikkei Whole Economy Purchasing Managers Index, which measures private-sector and manufacturing activity, was at 51.1 in June, compared with 49.5 in May. ...

Aetna Nears Deal to Buy Humana

TODAY: July 5, 2015 PUB DATE: July 3, 2015

By Liz Hoffman And Dana Mattioli Aetna Inc. is nearing a deal to buy Humana Inc., according to people familiar with the matter, in a tie-up of health insurers that could be announced this week. The people said a deal ...

China June HSBC Services PMI 51.8 Vs 53.5 in May

TODAY: July 5, 2015 PUB DATE: July 3, 2015

BEIJING--The HSBC China Services Purchasing Managers' Index fell to 51.8 in June from 53.5 in May, HSBC Holdings PLC said Friday, suggesting activity outside the nation's factories remains under pressure. "Latest PMI data signalled a further loss of growth momentum ...

IMF Report Justifies Greek Position on Debt Relief, Says PM Tsipras

TODAY: July 5, 2015 PUB DATE: July 3, 2015

By Gabriele Steinhauser ATHENS--Greece's Prime Minister Alexis Tsipras on Friday said a report published Thursday by the International Monetary Fund fully justifies the government's position on debt relief and its choice not to accept a draft proposal demanded by its ...

Bank Listing Gives Glimpse of China's Rising Bad Debt

TODAY: July 5, 2015 PUB DATE: July 3, 2015

By Chuin-Wei Yap BEIJING--An impending listing for the Bank of Jiangsu Ltd., the first in eight years for a midsize Chinese lender, is providing a look into the rising level of bad debt in the country's banking system. The bank's ...

CSF Climbs After Loss Narrows -- Update

TODAY: July 5, 2015 PUB DATE: July 3, 2015

(Rewrites, adds detail.) By Simon Zekaria LONDON--Shares in CSF Group PLC (CSFG.LN) climbed in early trade after the provider of data-center facilities and services in Southeast Asia Friday expressed cautious optimism over its improving performance as it posted a narrowed ...

Globe Telecom Secures at Least 54% Stake in Bayantel

TODAY: July 5, 2015 PUB DATE: July 3, 2015

By Cris Larano MANILA--Globe Telecom Inc. (GLO.PH) said Friday it secured regulatory approval to acquire a controlling stake in Bayan Telecommunications Inc., a debt-ridden telephone company. Globe said the National Telecommunications Commission allowed it to convert its debt holdings in ...